Equivalent Quantity definition

Equivalent Quantity means, on any Day on a Gathering System, a quantity of Gas (in MMBtu) that is thermally equivalent to the quantity of Producers’ Gas and MV Mitigation Gas received from Producers at the Receipt Points on that Gathering System on that Day less Producers’ allocated share of System Fuel and Losses on that Gathering System.

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Equivalent Quantity. The volume of gas measured in Mcf received by Transporter at the Point of Receipt during any given period of time, adjusted for any variations in Btu content, it being the intent of the parties that the volumes of gas delivered hereunder at the Point of Delivery be the thermal equivalent of the volumes of gas received at the Point of Receipt less any amounts attributable to fuel and line losses.

Equivalent Quantity means that the quantities of gas delivered hereunder at the Point(s) of Delivery shall be the thermal equivalent of the quantities of gas received at the Point(s) of Receipt for transportation less, the Fuel and Losses Quantity associated with this transportation service in accordance with Section 6 of Rate Schedule FT.

Examples of Equivalent Quantity in a sentence

• Transporter agrees to accept and receive daily on a firm basis, at the Point(s) of Receipt from Shipper or for Shipper's account such quantity of gas as Shipper makes available up to the Transportation Quantity, and to deliver to or for the account of Shipper to the Point(s) of Delivery an Equivalent Quantity of gas.

• Transporter agrees to accept and receive daily, on a firm basis, at the Receipt Point(s) listed on Exhibit A attached hereto, from Shipper such quantity of gas as Shipper makes available up to the applicable Transportation Quantity stated on Exhibit A attached hereto and deliver for Shipper to the Delivery Point(s) listed on Exhibit A attached hereto an Equivalent Quantity of gas.

• Subject to this Agreement, Gatherer shall, as nearly as practicable each Day, receive at the Receipt Points and deliver for Producer’s account, at the Delivery Points, an Equivalent Quantity of Producer’s Gas, less FL&U, Plant Shrinkage (as applicable) and Drip Liquid shrinkage.

• The receipt, gathering, and delivery of Gas hereunder shall be on a “Firm” basis, which means that Shipper shall deliver such Gas to Gatherer, and Gatherer shall receive at the Receipt Points and deliver an Equivalent Quantity to the Reinjection Points or Delivery Points without interruption, suspension, or curtailment, at the fees set out herein.

• Transporter agrees to accept and receive daily on a firm basis, the Point(s) of Receipt from Shipper or for Shipper's account such quantity of gas as Shipper makes available up to the Transportation Quantity and to deliver to or for the account of Shipper to Point(s) of Delivery an Equivalent Quantity of gas.

More Definitions of Equivalent Quantity

Equivalent Quantity shall be as defined in

Equivalent Quantity means that quantity of Gas which is thermally equivalent to the quantity of Gas delivered by Shipper to Transporter on any one Gas Day, less Transporter’s Use, if it is collected in kind, as approved by CRE or negotiated between the Parties.

Equivalent Quantity means an aggregate Quantity of Gas nominated by a TABS-1 Party equal to the aggregate of the Specific Quantities nominated by each Shipper utilizing the TABS-1 Service Point, adjusted for transfer nominations in accordance with Sections 2.4 of Rate Schedule TABS-1.

Equivalent Quantity. - shall mean a quantity of Gas containing an amount of Dekatherms equal to the amount of Dekatherms received by Transporter from Shipper for Transportation.

Equivalent Quantity means a quantity of Gas containing an amount of Dekatherms equal

Equivalent Quantity shall be that quantity of Natural Gas to be made available on any Gas Day to or on behalf of Shipper at one or more Delivery Point(s), which quantity shall be the thermal equivalent of the sum of the Input Quantities delivered to Transporter at all Receipt Point(s) by or on behalf of Shipper on that Gas Day, adjusted for the L & U Percentage.

Equivalent Quantity means that during any given period of time, the quantities of gas delivered by Company hereunder at the Delivery Point(s) shall be the thermal equivalent of the quantities of gas received by Company for the account of Shipper for transportation hereunder at the Receipt Point(s), less quantities provided by Shipper for Company's system fuel and use requirements and gas lost and unaccounted for associated with this transportation service. For purposes of determining Equivalent Quantity, Company shall use established thermal conversion factors derived from measurement on a dry Dth basis pursuant to the General Terms and Conditions of Company's FERC Gas Tariff and the applicable Rate Schedules.